incorporating reputational considerations; a model with delegated investment as in Diamond; one with bank liabilities serving as …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who …

framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable … in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … financial markets, where banks are subject to runs, and where a central bank has a meaningful role to play, both in terms of …

, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …

operates via the dynamics of the expected marginal product of capital. Since capital is partly financed by bank loans, a higher …

unweighted leverage requirements, their differential impact on bank lending, and equity buffer accumulation in excess of … regulatory minima. Tighter risk-weighted capital requirements reduce loan supply and lead to an endogenous fall in bank … profitability, reducing bank incentives to accumulate equity buffers and, therefore, increasing the incidence of bank failure …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

the economic cost of increasing bank capital requirements, based on the author's earlier estimate (Cline 2015) of the … identify the socially optimal level of bank capital. This optimum is estimated at about 7 percent of total assets, with a more …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …